gc_wosb_factsheet

gc_wosb_factsheet - U.S.SmallBusinessAdministration...

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U.S. Small Business Administration Washington, DC 20416 Office of Government Contracting October 2010 FACT SHEET Women Owned Small Business (WOSB) Program The Small Business Act authorizes contracting officers to specifically limit, or set aside, certain requirements for competition solely amongst women owned small businesses (WOSBs) or economically disadvantaged women owned small businesses (EDWOSBs). This is referred to as the WOSB Program. These procurement mechanisms are meant to increase Federal contracting opportunities for WOSBs and to assist agencies in achieving their women owned small business goals. These procedures are implemented in SBA’s regulations, which can be found at 13 C.F.R. part 127. Although the SBA has issued a final rule on the WOSB program, the rule will not be effective for several months. In the interim, the SBA can work with the Federal Acquisition Regulatory Council and others in implementing the rule in the Federal Acquisition Regulations (FAR) and contracting systems. This fact sheet provides a basic overview of the program. The SBA intends to issue a Small Business Compliance Guide that will provide more detailed information about the program. Economically Disadvantaged Women Owned Small Business An Economically Disadvantaged Women Owned Small Business (EDWOSB) is a small business concern that is at least 51 percent directly and unconditionally owned and controlled by one or more women who are citizens (born or naturalized) of the United States and who are economically disadvantaged. The EDWOSB automatically qualifies as a women owned small business eligible for the WOSB Program.
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2 A woman is presumed economically disadvantaged if she has a personal net worth of less than $750,000, her adjusted gross yearly income averaged over the three years
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This note was uploaded on 09/13/2011 for the course EEE 3033 taught by Professor Staff during the Fall '11 term at Oklahoma State.

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gc_wosb_factsheet - U.S.SmallBusinessAdministration...

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